Vale SA - duration 10.5 years, Guidance: Mid swap +185 bp
The Vale SA . issued a EUR benchmark bond with a maturity of 10.5 years. Expect a spread of 185 basis points over mid swap. Vale is one next to Rio Tinto and BHP Billiton, the world's largest mining company. The transaction is supported by BNP Paribas, Credit Agricole CIB, HSBC and Natixis. of the transaction:
Issuer: Vale SA, Rio de Janeiro
Rating: Baa2, A-, BBB +
Format: senior unsecured
Volume: Benchmark
Coupon: . n.bek
Guidance : Mid swap +185 bp
running time: 01/10/2023
Settlement: 7/10/2012
Listing: Luxembourg
denominations: € 1000, € 100 000 minimum order
Bookruner: BNP Paribas, Credit Agricole CIB, HSBC and Natixi
New bond issue: Vale sells EUR 750m in 2023 bonds with 3.750% coupon
Vale (Brazil) on July 3, 2012 placed EUR 750m in bonds with a 3.750% coupon, maturing in 2023. The bond was priced at 99.6080% to yield 3.798%. BNP Paribas, Credit Agricole, HSBC, Natixis arranged the deal.
Issuer, issue number: Vale, 2023, EUR
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 100000
Amount: 750 000 000
ISIN: XS0802953165
End of placement: Jul 03 2012
Issue price: 99.608
Yield at Pricing: 3.798%
Coupon: 3.750%
Coupon frequency: 1 time(s) per year
Settlement Date: Jul 10 2012
Maturity date: Jan 10 2023
Issue Managers: BNP Paribas, Credit Agricole, HSBC, Natixis
Trading floor: Luxembourg S.E.
Issuer profile:
Vale S.A. was limited liability company incorporated in Brazil. It is a metals and mining company. The Company is a producer of iron ore and iron ore pellets and the producer of nickel and kaolin. It is also one of the producers of manganese ore and ferroalloys. The Company also produces bauxite, alumina, aluminum, copper, coal, cobalt, precious metals, potash and other products. Vale operates logistics systems in Brazil, including railroads, maritime terminals and a port, which are integrated with its mining operations. Ferrous minerals: Iron ore, iron ore pellets and manganese and ferroalloys: It operates three systems in Brazil for producing and distributing iron ore.
Outstanding issues:
12 issue(s) outstanding worth USD 13 000 000 000
1 issue(s) outstanding worth EUR 750 000 000
